Investors Real Estate Trust (NYSE:IRET) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday.

A number of other brokerages also recently commented on IRET. BidaskClub raised shares of Investors Real Estate Trust from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Zacks Investment Research raised shares of Investors Real Estate Trust from a “sell” rating to a “hold” rating in a report on Friday, August 11th.

Investors Real Estate Trust (IRET) traded down $0.18 on Thursday, hitting $5.87. 171,670 shares of the company’s stock traded hands, compared to its average volume of 407,699. The firm has a market cap of $707.85, a P/E ratio of 13.04, a P/E/G ratio of 2.41 and a beta of 0.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.23 and a current ratio of 0.23.

Investors Real Estate Trust (NYSE:IRET) last announced its quarterly earnings results on Monday, September 11th. The real estate investment trust reported $0.10 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.10. Investors Real Estate Trust had a net margin of 25.72% and a return on equity of 0.11%. The firm had revenue of $52.70 million during the quarter, compared to the consensus estimate of $50.76 million. During the same quarter last year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities research analysts predict that Investors Real Estate Trust will post 0.41 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Parametric Portfolio Associates LLC lifted its stake in Investors Real Estate Trust by 0.8% in the first quarter. Parametric Portfolio Associates LLC now owns 267,723 shares of the real estate investment trust’s stock worth $1,588,000 after purchasing an additional 2,068 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Investors Real Estate Trust by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 99,281 shares of the real estate investment trust’s stock worth $617,000 after purchasing an additional 2,371 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Investors Real Estate Trust by 17.3% in the second quarter. Neuberger Berman Group LLC now owns 21,754 shares of the real estate investment trust’s stock worth $135,000 after purchasing an additional 3,201 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Investors Real Estate Trust by 5.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 95,291 shares of the real estate investment trust’s stock worth $592,000 after purchasing an additional 4,552 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in Investors Real Estate Trust by 6.8% in the second quarter. Voya Investment Management LLC now owns 73,996 shares of the real estate investment trust’s stock worth $460,000 after purchasing an additional 4,685 shares during the last quarter. 53.02% of the stock is owned by institutional investors and hedge funds.

Investors Real Estate Trust Company Profile

Investors Real Estate Trust is a self-advised equity real estate investment trust (REIT). The Company’s business consists of owning and operating income-producing real estate properties. Its segments include Multifamily, Healthcare and All Other. Its investments consist of multifamily and healthcare properties located primarily in the upper Midwest states of Minnesota and North Dakota.

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